Skip to comments.Obama Campaign Dangerously Low on Cash, Leading to Panic
Posted on 08/06/2012 8:52:13 PM PDT by 2ndDivisionVet
The Obama campaign has taken a huge risk by burning through hundreds of million of dollars in the early stages of the presidential campaign, opening offices in swing states, registering voters and getting to know local communities, but the expenditures have left the campaign dangerously low on cash heading into the final three months of the campaign.
The analysis of the Obama expenditures by the New York Times shows that the campaign has spent $400 million from the beginning of 2011 to June 30, 2012. That number includes $86 million on advertising, $50 million on hiring Democratic party workers, $46 million on direct mail and postage, $24 million on phones and even $25,000 on flower arrangements. The result is a vast and well-organized network of on-the-ground staff and infrastructureand a discernible panic among Democrats that the campaign possibly has put itself in danger because the Mitt Romney campaign has far more money, $25 million more cash on hand at the start of July.
And although Romney has spent much of his money from the primaries and has to wait until after the convention to access tens of million dollars he has waiting, he can count on the pro-Romney Super PACs to take up the slack right now.
Obama supporters say the campaigns fundraising has acquired a sense of urgency, sending out many more alarming emails to donors and scheduling more fundraising stops for the president. The campaign also has asked former President Bill Clinton to help with the fundraising efforts.
My upcoming birthday next week could be the last one I celebrate as president of the United States, but thats not up to meits up to you, the president wrote in an email to supporters last week.
But Obama campaign and Democratic party officials told the Times in interviews that they believed the Obama strategy would prove to be wise when election day has arrived.
You can pay for direct mail or TV ads at the last minute, but you cant shortcut long-term volunteer training programs, said a campaign official. The relationships weve built, the depth of what people know about their communities, our data systems, the training and organizationgood luck doing that in less than 100 days.
I will bet you a dollar he will finish his term.
Good experience and hes always there already.
Ha good luck with that....it's easier to teach goats to surf
Wall Street doesn't like Obama anymore
I guess he has the guilty Trust funders who are too stupid to realize they get hit the hardest
he can’t say he didn’t create that problem his self.
I believe the worst scenario is an Obama loss in November...then waking up in December to find a campaign debt situation of $250 million. Just writing a book or two....won’t even cover $40 million. So you’d be looking at a guy who’d have to declare some kind of bankruptcy by 2014 because there’s no way he could pay it back.
I’d offer this analysis...as you get closer to October...fewer folks will offer deals for ad’s unless there’s some cash put down. So by the middle of October...with the exception of maybe three states...advertising completely shuts down. People will notice this huge drop in the campaign and just say....”they ran out of gas at the wrong time”.
use Obama’s own words against him
Exactly.. They are trying to convince you for whatever reason Obama is losing money.
He can't do that.
But, if he can, then there is no Constitution. If there is no Constitution, there is no law, and nothing is illegal.
He won't do that.
This is a smokescreen.
President Soetoro has more than $100 billion available to him through extreme left-wing foundations and rich donors, not to mention all the stimulus cash that’s unaccounted for.
If this report were true, it would mean the left has given up on him.
Hard to believe.
like most crooks, he’ll be sure to KEEP any monies he has secured when he loses....John Kerry was asked what happened to, or why he didn’t return about 7 million to the DNC AFTER
Come to think of it, didn’t his barge cost about that much, 7 million?
Obama is building up his Stash. I predict, when he loses, he will soon be living outside the US, and with a lot of hidden cash to cushion the fall from politics. Mooschelle may not be with him though... could be interesting to see what settlement she gets.
BINGO. I have been saying tis fair years. Within 5 years of leaving office I predict Obama will be divorced and bankrupt.
Poor Obama my ass,this lying sack of Excrement is crying for synpathy
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